In May, Britain's inflation rate reached it's highest level in more than 10 years. Consumer prices rose more than 3% higher than last year, which is higher than economists predicted.
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Inflation in Britain reached the highest level in more than 10 years in May, fanning fears that the country is moving closer to a recession, and forcing the central bank chief to write a letter of explanation to the government.
Consumer prices rose 3.3 percent from a year earlier, the Office for National Statistics said Tuesday, higher than some economists predicted.
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By
JULIA WERDIGIER
From this information, it seems we are not the only country in trouble with the high cost of living a normal life. Britain is also contending with higher grocery prices, higher gasoline prices, and higher mortgage payments, just like we are in this country.
Britain Having Similar Problems with Inflation
06-17-2008, 05:30 PM
Britain Having Similar Problems with Inflation
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